Daniel Covarrubias

U.S. Trade With USMCA Partners — Goods and Services

Stacked goods and services trade with Mexico and Canada, 2020–2025.

2020
$478B
$519.5B
2021
$661.2B
$720.5B
2022
$779.3B
$855.8B
2023
$798.8B
$89.6B
$888.4B
2024
$839.6B
$95.6B
$935.2B
2025
$872.9B
$96.4B
$969.3B
Goods
Services

Source: BEA/Census Bureau FT-900, BEA International Transactions Accounts, USTR

Chart: Daniel Covarrubias, Ph.D. · The Bridge

Mexico moves more goods ($872.9B vs. $719.5B). Canada moves more services ($150.2B vs. $96.4B). Services represent 17.3% of U.S.–Canada trade but only 9.9% of U.S.–Mexico trade.

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Daniel Covarrubias, Ph.D.

Daniel Covarrubias, Ph.D.

Director, Texas Center for Border Economic & Enterprise Development

Texas A&M International University

Researching the intersection of trade policy, exponential technologies, and cross-border economic integration from the Texas-Mexico border.